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In today’s supply chain landscape, mere supply chain visibility isn’t enough for any business involved. And the reason is quite simple. Visibility alone cannot drive business value.
In this Spend Matters Vendor Analysis we provide an overview of SpendHQ and its solution for spend analytics and procurement performance management. Part 1 of this vendor analysis provides a detailed overview of each module and includes an analyst summary. In part 2 of this series, we will provide more details on the strengths and opportunities of the solution, review the competitive landscape and provide selection considerations.
A couple of weeks ago, I hosted a call for Procurement Leaders’ CPO community during which the CPO of a major healthcare organisation shared his function’s transformation journey, the lessons learned and its impact. One of the keys to the success of the transformation was that it had a clear purpose and was fully aligned with the organisation’s need to pivot following the impact of Covid, and subsequent earnings and share price underperformance.
I recently received an invite to an upcoming 30-minute webinar titled “ These 3 Practices Will Boost Your Career: The power of data-driven negotiating.” In this live webinar, Rod Sherkin will describe three Procurement Practices that will drive down purchase costs; strengthen your supply chain; and advance your career by quantifying the value you create.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
Spend analytics vendors do what their name implies: they derive insights from spend data. However, that is not all they are capable of doing. Many spend analytics vendors apply that analytical expertise elsewhere, such as contracts, carbon emissions or supplier performance. This results in analytical data not just for those areas but also dashboards and opportunities that use hybrid data (spend + another factor) to help determine KPIs and enterprise goals.
Resources / Blog / Technology Trends 2024: McKinsey’s Analysis & What It Means for High-Tech Manufacturing Technology Trends 2024: McKinsey’s Analysis & What It Means for High-Tech Manufacturing The high-tech manufacturing industry — and the market at large — has seen its share of challenges over the past few years. Technology equity investments fell 30-40% in 2023 alone, largely due to increased costs and economic uncertainty.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Resources / Blog / Technology Trends 2024: McKinsey’s Analysis & What It Means for High-Tech Manufacturing Technology Trends 2024: McKinsey’s Analysis & What It Means for High-Tech Manufacturing The high-tech manufacturing industry — and the market at large — has seen its share of challenges over the past few years. Technology equity investments fell 30-40% in 2023 alone, largely due to increased costs and economic uncertainty.
INTERVIEW #1 – James Carithers, COO – Peak Utility Services Group (AdaptOne) – [link] INTERVIEW #2 – Why did Barilla Group Choose o9 Solutions (o9 Solutions) – [link] INTERVIEW #3 – Ryan Meonske, Head of Strategic Procurement – Databricks (ZIP) – [link] COMPARISON BETWEEN ZIP, SOLUTION o9 AND ADAPTONE Here’s a comparative analysis of the pricing models for ProcureTech solution providers ZIP , o9 Solutions , and AdaptOne based on their offerin
“The reason I like listening is I think, ‘If I’d have been CPO there or in other organizations, what would. The post Walking a Mile in Another Supply Chain’s Shoes appeared first on Art of Procurement.
Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and opportunities of SpendHQ’s spend analytics solution. We will also look at the voice of the customer and the elements to consider when looking at SpendHQ as a potential solution provider. Part 1 of the series provided a history and overview of SpendHQ’s spend analytics solution as well as the solution’s roadmap/vision.
When used diligently, AI-driven product recommendations and content can also indirectly boost sales by enhancing customer engagement, satisfaction and brand relevance.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
“Clearly, tariffs will raise costs for imported and domestic raw materials (steel, aluminum, plastic resins, wood, paper, etc.). We should all be prepared when suppliers cite these cost increases to justify higher prices for the products they sell us. Preparation includes detecting supplier “Margin Creep” (Silent Slopes) – the common practice of raising prices more than required to cover their cost increases.” – Rod Sherkin , ProPurchaser.com Inc.
In today’s episode of Women in Supply Chain, I’m joined by bilingual customer success expert, logistics professional and team builder, Mercedes Pina. With over 10 years of diverse experience in the logistics and supply chain industry, Mercedes is committed to client satisfaction and fostering strong relationships. A passionate mentor, Mercedes is also dedicated to empowering others and fostering inclusive environments where diverse voices are heard and valued.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
What does KKR know about procurement and ProcureTech solutions? KKR, one of the largest private equity and investment firms globally, has considerable experience and insights into procurement and ProcureTech solutions, especially through its portfolio companies and investments. KKR’s expertise in procurement stems from its strategic focus on improving operational efficiencies across its portfolio companies, which often involves optimizing supply chains, leveraging technology, and implementing co
The grocery retailer’s adoption of a transportation management system allows it to better operate its complex cross-dock network, according to SVP of Distribution Matt Beenblossom.
Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary On this episode of the Talent Talks Podcast, Martin sits down with Nikki Wright, Director of Operations at 10X Banking, as she shares her extensive experience in procurement and operations across various industries, particularly in the banking sector. She discusses the complexities … Continued The post Breaking Barriers: Diversity, Soft Skills and Rebranding Procurement with Nikki Wright – Episode 103 appeared first
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
What are you suggestions to leadership this morning on how you should manage the proposed tariff’s on goods from Mexico, China and Canada? – Roger Blumberg (LinkedIn Poll) Here is an excerpt from a post I wrote in 2009 at the height of the Buy American controversy – [link] “Upcoming posts will examine the differences between the economic climate in 1930 and 2009 to determine if there are indeed parallels to be drawn and used to achieve a collective best result outcome.
Join Ardent Partners and Coupa on December 11th (2 PM ET) as they discuss CPO 2025: Evaluating the Four Pillars of Strategic Sourcing. The pressure on procurement to deliver savings… The post NEW WEBINAR: CPO 2025: Evaluating the Four Pillars of Strategic Sourcing appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Thanksgiving spending is expected to rise by 1.8% year-over-year, followed by a projected 2.8% bump for Black Friday, and then a 3% increase in Christmas sales.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
EDITOR’S NOTE: The following is a comment exchange regarding a LinkedIn post/video by a practitioner that demonstrates two things: Your success as a practitioner implementing a successful ProcureTech solution is up to you – the practitioner choosing the right solution development and implementation model. Your success as a ProcureTech solution provider depends on choosing the right client who understands the difference between an agent-based and equation-based development and impleme
A big IT project has been all over the news in Sweden recently. Two regions (a region is a fairly large public entity that is responsible for public healthcare and… The post Magnus Mondays — When Procurement Tech Projects Fail appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia
In today’s fast-paced global market, dependable suppliers are essential for smooth business operations. But what… The post How Supplier Auditors Protect Your Business’s Interests first appeared on Procurement Blog | Procurement & Supply Chain News.
What’s new in Fraxion: KPI dashboard for procurement and spend management insights We’re thrilled to announce the launch of a powerful new KPI dashboard in Fraxion’s spend analytics tool, Insights.
AI agents are intelligent systems that not only can interact with humans using natural language, but can also incorporate vast amounts of data and knowledge to make autonomous decisions.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
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